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Exhibit 1: Collective stupidity. :P

I've noticed a number of bullion dealers have strong inventories of previous year lunars advertised at prices that are...well a little high. I wonder why do these dealers want to hold the stock...which seems to have been around forever. Rather why would they not lower the prices of these...

Well the exaggeration of GSR has certainly taken effect. Looking at $16.30ish if the move down toward $1,180 continues...even lower if, as the pundits suggest, further expansion of the GSR. With all the selling noise, could a contrarian investment decision be the way to go now ? Mr.G

They are the lowest of the recent lows, so I think the most relevant. You gotta go back to 2010 for silver prices that low and that was part of a bullish movement so not really relevant. Discussion: There is reasonable technical support around Silver's current spot price, but I'm thinking it...

Have just been looking over daily charts of the past three bearish movements for PMs. Thought I'd share a interesting observation regarding GSR: 28 June 2013 - Gold low of $1,180 - Silver low of $18.22 - GSR = 64.7 1 January 2014 - Gold low of $1,182 - Silver low of $18.75 - GSR = 63 31 May...

Sorry all this is way off topic. sorry to have hijacked the thread with theory. g'nite htu08, btw good cheap prices on your 10oz bars in the sale thread.

Sorry the above is not fully clear to me. Industrial silver is a consumable and would link to the market price. Coins and bars in the secondary market are hobby collectables and will realise a price organically each time. If I was a manufacturer I'd buy from the: 1stly - the cheapest....I'm...

Agree the forum offers lots of diversity of stock. Best prices...maybe at the moment for this markets expectations...but with a longer time frame perspective my opinion is that this market will mature/pass/evolve and price expectations will change. Hopefully settle down a bit. Take the round...

Tolly is right to reject market price (I assume your referring to spot price) when dealing in the secondary market. Spot is a mechanism for industrial scaled commodity trading, not the passing about of little stamped bars and coins in a secondary peer to peer environment. These are hobby...

I'm a member, and I disagree with that. What has happened in the past does not mean it has to happen now or again. And this crystalise my previous posts. So called older members paradigm's are not the final word (neither is mine).

I agree with Tolly, these suggested guidelines are an attempted intervention upon the secondary market, based on one persons perception. They are in no way an acceptable baseline to run off. In the secondary market, the only acceptable price is the one that the buyer and seller agrees to...

You'll note the exact timing of todays price drop occurred about 3 seconds after an article was issued on Bloomberg stating that there was a withdrawal of Ruski forces from crimea. Clearly a "risk on" move by the market in response to current affairs. A$ also began its little incline at the...

Nice graph - I'm viewing 1338 as the resistance - both the 2012 trend line you've identified and the 62% retraction to the $1434 high at the end of Aug 2013. I'm very much in two minds at the moment as to how to trade this: A - Sentiment is strong for gold at the moment, so that would...

You have a point...I read something this week that said food stamp recipients had sky rocketed since QE3 was initiated... I'm not sure where that data can be viewed but I agree that wall street tends to overlook this real indicator of economic conditions.

Declining participation rate can explain that.

results from final FOMC for 2013 will be announced in about 7 hours. Will be interesting to see if this cryypto market responds to the comments....

Another piece of the trade domination puzzle has been revealed. My guess is your gold trades are about to become a lot more accurate. Thanks for your frequent posts on this thread. Best on forum. Mr.G

The divergence was because: - Gold down - market less worried as strike action on Syria dealyed. So sell gold. - Silver up - positive Chinese PMI data was released which was encouraging for silver as a manufacturing commodity. So buy silver. note the Chinese PMI data has also supported...

So 2012 Dragons had a great secondary market result for flippers [it realised $80 for months after release], the 2013 snake was a flop, what is your perspective for the 2014 horse? My guess is a flop, same as last year. I again forecast secondary market saturation and declining interest in...

Last week we saw some interesting price action in the Currency and Gold markets in response to economic events notably: - A$ in response to RBA minutes. - US$ and conversely gold in response to US Jobless Claims, Leading Indicators, Manufacturing Data and New Home Sales. Key events on the...